Stock of Interest

Posted On: October 9, 2023

Stock Report: SOBHA(NSE) 06 Oct 2023

Sobha Ltd is engaged in the real estate business. The company is engaged in the development and construction of the properties. The company is operating in two segments: The Real estate segment and the Contractual and manufacturing segment. The real Estate segment (RE) is into the development, sale, management, and operation of all or any part of townships, and housing projects also include leasing of self-owned commercial premises. The contractual and manufacturing Segment (CM) is into the development of commercial premises and other related activities, also including manufacturing activities related to interiors, glazing and metal works and concrete products. It generates its revenue from the Real Estate segment.

#xCalData predicts that # SOBHA will continue its bullish phase over the next five days and trend within the range of 696 to 768.

  

In comparison to the previous month, the price of the stock has experienced an increase of 16.42% indicating a bullish.

The Stock has doubled once since 23 Sep 2015 and took an average of 2.1 years to double.

The stock has shown seasonality trend in the past.

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 4 years in the past.

Majority of the technical ratios trend towards Bullish side of the spectrum. Only some of the technical indicators namely RVI indicate Bearish view.

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days.

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